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Coromandel Property Pulse factsheet – April 2011

Posted on: May 19th, 2011 | Filed in Coromandel Property Market Factsheet

The Coromandel district property pulse factsheet for April 2011 is published using data from Realestate.co.nz and REINZ (Real Estate Institute of NZ).

Property sales in the Coromandel region at 40 in the month fell slightly on a seasonally adjusted basis in April and showed a 20% fall as compared to a year ago. The inventory of unsold houses rose again to remain well above the long-term average at 264 weeks of equivalent sales.

Median sales price for property sold in the Coromandel in April at $306,250 was down 22% as compared to a year ago, and significantly down from the prior month. The asking price expectation of new listings was also down 7% as compared to a year ago at $426,542.

The level of new listings coming onto the market in April at 238 down a significant 45% as compared to a year ago.

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